I get lots of people asking me general questions about their property investments during the process of advising them about their renovation. (Read More)
Hotspace Blog
Claiming more $$ in deductions when renovating an older property
Jane Eyles-Bennett - Monday, March 01, 2010
I put an article here on the website recently and had a number of people say they had never heard of the concept of 'scrapping' or writing off items before you renovate - so I thought this blog was a good place to draw attention to it! (Read More)
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In March 2008, I employed the service of Hotspace Consultants to provide a design consultation for the interior and exterior of a three bedroom investment property in Coolum Beach, Queensland. To create the maximum rental or resale value, I con.. more
Hotspace Terms of Agreement
Renovation Design Report
HOTSPACE recommendations are presented by way of a written report about what to cosmetically do to add value and improve the property in question. Advice includes colours, finishes and product guidelines for the following; Interior Consultations - walls, doors, flooring, lighting, cabinetry, window furnishings and all other relevant fixtures and fittings; Exterior Consultations - walls, doors, paths/driveway, lighting, gardens and all other relevant fixtures and fittings. Your Hotspace Renovation Report provides area by area recommendations for all areas of your property including; Interior Consultations - kitchen, bathroom/s, toilet, lounge, dining, hallway, bedrooms, laundry, office etc AND/OR; Exterior Consultations – building exterior, windows, roof, patio/deck areas, yard/gardens, garage etc.
Your report may also provide advice and direction about:
- Colour and finishes samples where necessary and possible
- Helpful websites
- Product styles (written and photographic descriptions are provided for indicative purposes) and (occasionally) actual product specifications
- Basic hand sketched plans or details to indicate and clarify suggestions (if necessary)
If requested we may also give verbal advice about:
- Setting your renovation budget
- How much you could expect to spend overall on your renovation by following the specifications suggested in your Renovation Design Report
HOTSPACE will not provide:
- Structural advice • Furniture recommendations
- Computer generated plans or details • Itemised costs for your renovation
All Renovation Design Reports are prepared with reference to photographs that the client provides (unless an on-site consultation has been agreed) and HOTSPACE takes no responsibility for lack of information provided in your Renovation Design Report due to a lack of photographs of the property being provided. However, we will request further photographs if there is an obvious to lack of information.
Completed reports are issued by way of a PDF document delivered by email.
All HOTSPACE advice is to be relied upon only to the extent that HOTSPACE will not be liable for any negligence, damages or other claims arising by, through, or in connection with:any increase in the actual price or completion time of renovation work that exceeds HOTSPACE’S estimates;
- the property being valued, sold or rented for amounts less than that anticipated by HOTSPACE or being sold or rented in any extended timeframe to that stated by HOTSPACE;
- any works performed by a third party whether or not that third party was introduced to the property by HOTSPACE;
- any personal injury sustained by any person whilst on the property and in the event of an injury, I release, discharge and indemnify HOTSPACE against all claims by such persons;
- any latent, structural or other defect (including but not limited to pest and vermin infestation) that is not capable of being ascertained from a laypersons visual inspection of in the property.
Payment:
HOTSPACE will not begin your Renovation Design Report until HOTSPACE receives the agreed deposit payment in full, and HOTSPACE will not release your Renovation Design Report until HOTSPACE receives the agreed balance of payment in full.
To the extent permitted by law, HOTSPACE excludes all warranties, whether express, implied, statutory or otherwise. Where a warranty is implied by law and cannot be excluded, HOTSPACE’s liability for a breach of that warranty and any liability in tort is limited to reimbursement of HOTSPACE’S fees.







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